In what was a monumental ruling and sentence, the once celebrated wizkid of crypto, Sam Bankman-Fried was sentenced to 25 years in prison. This was as a result of his fraudulent actions that led to crypto investors incurring huge losses as his FTX crypto exchange collapsed. This judgement has a capacity to affect how the crypto sector shapes up in years to come.
More Aggressive Scrutiny on Crypto Exchanges.
With the conviction and sentencing of SBF, the crypto space is about to witness a more stringent battle against regulators. Their every move would be put through laser beams to ensure we are not going to witness another FTX 2.0.
Reforms of Crypto Exchanges Operations.
For an industry that had lost trust with the actions of SBF, the crypto world is expected to build back trust by convincing enthusiasts with more transparency about their operations. The calls for more regulation of the crypto industry has found more voice now with the conviction and sentencing of SBF.
Let's hope the entire crypto world would be more robust and more streamlined as the sentencing of SBF marks the end to probably crypto's biggest fraud story.
More Aggressive Scrutiny on Crypto Exchanges.
With the conviction and sentencing of SBF, the crypto space is about to witness a more stringent battle against regulators. Their every move would be put through laser beams to ensure we are not going to witness another FTX 2.0.
Reforms of Crypto Exchanges Operations.
For an industry that had lost trust with the actions of SBF, the crypto world is expected to build back trust by convincing enthusiasts with more transparency about their operations. The calls for more regulation of the crypto industry has found more voice now with the conviction and sentencing of SBF.
Let's hope the entire crypto world would be more robust and more streamlined as the sentencing of SBF marks the end to probably crypto's biggest fraud story.
